Gable anticipates selling 222,000 jars, with total sales revenue of $261,000 in the first quarter...
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Gable anticipates selling 222,000 jars, with total sales revenue of $261,000 in the first quarter of the year following the year given in the preceding table. The company has a policy that the ending inventory of jars must be 25% of the following quarter's sales. Gable Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the . upcoming year are as follows: Total sales Number of jars revenue sold 1st quarter .... $ 186.000 152,500 2nd quarter ... $ 216.000 182,500 3rd quarter ... $ 255,000 214,000 4th quarter ...S 190.000 165,000 Requirement Prepare a production budget for the year that shows the number of jars to be produced each quarter and for the year in total - - Prepare the production budget by first calculating the total units needed, then calculate the units to produce Gable Foods Production Budget For the Quarters in the Upcoming Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year Unit sales Plus: Desired ending inventory Total needed Less: Beginning Inventory Units to produce Next MacBook Air GA SO EY ES ose see CD 201 $ 4 %6 5 8 6 7 0 9 3 1 2 > U 1 0 Y W Q E R J F H S D G ZAZ GI > > T c Y V N B M
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